Posts Tagged 'Equipment'

We are pleased to present below all posts tagged with 'Equipment'. If you still can't find what you are looking for, try using the search box.

Three Channels for Selling Used Machinery

When offloading used machinery and heavy equipment, sellers want two things: to sell quickly and to get the best price possible. Finding the right potential buyers, uploading and updating listings, selecting the right marketing and advertising channels, setting up meetings, and working out the logistics of the transactions can add up to a lot of money spent and hours wasted. 

How Field Service Technicians Are Reaching Higher Levels of Efficiency and Ensuring Safer Jobsites

The availability of more data will make sensors smarter, and usher in the opportunity for analytics programs to not only optimize and streamline field service, but also push jobsites capable of time and money-saving measures towards a zero downtime reality. 

Why It’s Construction’s Time for E-commerce

While the business-to-business wave of e-commerce technology might not be generating as much buzz as the platforms people are most familiar with (Uber, Amazon, etc.), it can deliver serious benefits for equipment and materials procurement in the construction industry. 

According to estimates by market research firm Forrester, business- to-business e-commerce will reach $1.2 trillion and account for 13.1 percent of all business-to-business sales in the United States by 2021. At the end of 2017, Forrester expects e-commerce to reach $889 billion and represent 11 percent of total business-to-business sales in the United States.

Don’t Let Fires Damage Valuable Construction Equipment

Many companies choose to have a fire suppression system installed on commercial off-road vehicles because of their increased fire risk and the large monetary investment they require. This is a prudent investment that can save thousands of dollars, and even lives. Yet, the best fire protection is to prevent a fire from occurring in the first place.

Tire Tech: Look Past the Price Tag to the Total Cost of Ownership

Because tires are critical to operation performance, construction executives should take the long view when making purchasing decisions. Rather than focusing on the price tag, consider the factors that contribute to the total cost of ownership: application, innovation and functionality. 

Avoiding the Big Spend: Tracking and Caring for Rental Equipment

Sometimes, renting equipment makes perfect sense. In this still-tight credit environment, some lenders aren't willing to finance a large piece of equipment, or an outright purchase might not add up financially if the equipment is only needed for a short duration. For contractors on a budget, rental companies usually have the latest models in their inventories, a luxury that is out of reach for many smaller firms. Plus, renting equipment is convenient, with the duty of maintenance, set up and transportation being someone else's problem. 

Nevertheless, there are still ways contractors can end up paying more than they planned for that rented backhoe or core driller. The good news is that there are strategies to prevent that extra spend. 

Find the Hidden Equity in Heavy Equipment

To have long-term success in the construction business, a company needs to ride the ups and the downs and navigate the surprises that present themselves on an all-too-regular basis. The business cycle can be “feast or famine,” and neither is good. So how does one stay financially prepared for every bump in the road? 

Three Ways After-Sales Service Aids Construction Efficiency and Profitability

Time is money in the construction business. Any equipment downtime can be troublesome and costly. Plus, projects can take a serious hit for each day that a revenue-generating piece of machinery is out of service waiting for a replacement part. 

As such, construction equipment manufacturers must find new ways to optimize their businesses and avoid downtime, especially as competition grows from third-party parts vendors such as Amazon. After-sales service (i.e., the service delivered
after the initial sale of a new product) is often viewed as a margin and revenue opportunity, but having a well-oiled after-sales service operation—especially for heavy equipment manufacturers—can have a real impact on productivity and be a differentiator for brands and dealers in the space.

Tracking Fuel to the Piece of Construction Equipment

Heavy highway construction is equipment intensive, and along with that comes the use of a lot of fuel. Considering fuel’s variable and high cost, it’s logical to track it closely, yet many heavy highway companies fail to do so. Is a specific loader using more fuel than it should? Is an employee filling up his personal car as he leaves the yard at the end of the day? Proper fuel tracking can answer these questions and many more. 

Iron Assets Are Known; It's Time for Digital Resources

The third week of 2017 was busy for shareholders in the heavy construction equipment industry, with financial institutions and asset management groups cutting down their stakes in the shares of leading manufacturing companies. Despite the rollercoaster ride, Wall Street expects some attractive profit figures by the end of the last quarter of the 2016-2017 financial year. The optimism is tied to the profit tracking of financial releases for the prominent vendors in the industry. 

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